yes - tolling throu BHP has a cost (approx 22-25% of net rev's), but it also saves capex.
given were in a market crash - MCR has held up remarkably well (imho).
there is a possibility of a (small) divvy in h2 (again imho).
lil ole POS - will actually kick a goal - after it raises circa 60-80m for its restart. they still need to work out the blending strategy (and have the resources in the measured and indicated catagories) before they can flick the switch.........and some sort of offtake deal (BHP is the obvious partner).
risk versus reward.
take care mate
rgds
V_H
MCR Price at posting:
$1.67 Sentiment: Hold Disclosure: Held
